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Weekly CFO Buys Highlight: PRWT, ANCB, ACLS, OLBK, PXLW

February 07, 2011 | About:
Holmes Osborne

gurujk

5 followers
According to GuruFocus Insider Data, the largest CFO buys during the past week were PremierWest Bancorp, Anchor Bancorp, Axcelis Technologies Inc., Old Line Bancshares Inc., and Pixelworks Inc.

PremierWest Bancorp (PRWT): EVP & CFO Douglas N Biddle Bought 10,000 Shares

EVP & CFO of PremierWest Bancorp (PRWT) Douglas N Biddle bought 10,000 shares on 01/25/2011 at an average price of $0.34. PREMIERWEST BANCORP is a financial services holding company. Premierwest Bancorp has a market cap of $34 million; its shares were traded at around $0.339 with and P/S ratio of 0.4.

PremierWest Bancorp announced results for the fourth quarter of 2010 and twelve months ending December 31, 2010 announced results for the fourth quarter of 2010 and twelve months ending December 31, 2010. Net loss applicable to common shareholders of $705,000 compared to a net loss of $1.4 million for the third quarter ended September 30, 2010, and a net loss applicable to common shareholders of $110.6 million for the quarter ended December 31, 2009. Net interest income of $12.7 million declined 7 percent for the quarter ended December 31, 2010 versus the quarter ended September 30, 2010, and net interest margin declined by 22 basis points to 3.78 percent compared to 4.00 percent in the previous quarter.

CEO John L Anhorn, EVP & CFO Douglas N Biddle, and Director John A Duke bought shares of PRWT stock.

Anchor Bancorp (ANCB): Exec. VP, CFO and Treasurer Terri L Degner Bought 10,000 Shares

Exec. VP, CFO and Treasurer of Anchor Bancorp (ANCB) Terri L Degner bought 10,000 shares on 01/25/2011 at an average price of $10.

President & CEO Jerald L Shaw, Exec. VP, CFO and Treasurer Terri L Degner, and Sr. VP and RDM Brett A Nielsen bought shares of ANCB stock.

Axcelis Technologies Inc. (ACLS): CFO and EVP Jay Zager Bought 10,000 Shares

CFO and EVP of Axcelis Technologies Inc. (ACLS) Jay Zager bought 10,000 shares on 02/04/2011 at an average price of $2.5. Axcelis Technologies is a producer of ion implantation equipment used in the fabrication of semiconductors. Axcelis Technologies Inc. has a market cap of $291.2 million; its shares were traded at around $2.78 with and P/S ratio of 2.2.

Axcelis Technologies, Inc. announced financial results for the fourth quarter and full year ended December 31, 2010. Net income for the quarter was $4.3 million, or $0.04 per diluted share, of which $0.02 was attributable to a one time tax benefit. This compares to a net loss for the third quarter of 2010 of $6.3 million, or $0.06 per share. The Company reported fourth quarter revenue of $93.4 million, compared to $75.1 million for the third quarter of 2010, a 24.4% increase.

Hedge Fund Gurus that owns ACLS: Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns ACLS: Arnold Schneider of Schneider Capital Management, Donald Smith of Donald Smith & Co..

Chairman, President and CEO Mary G Puma, CFO and EVP Jay Zager, and Director Stephen R Hardis bought shares of ACLS stock.

Old Line Bancshares Inc. (OLBK): CFO Christine M Rush Bought 4,200 Shares

CFO of Old Line Bancshares Inc. (OLBK) Christine M Rush bought 4,200 shares on 01/28/2011 at an average price of $8.25. Old Line Bancshares is the parent company of Old Line Bank, a Maryland chartered commercial bank headquartered in Waldorf, Maryland. Old Line Bancshares Inc. has a market cap of $35.9 million; its shares were traded at around $9.25 with a P/E ratio of 20.2 and P/S ratio of 1.9. The dividend yield of Old Line Bancshares Inc. stocks is 1.3%. Old Line Bancshares Inc. had an annual average earning growth of 12.6% over the past 5 years.

CFO Christine M Rush, President and Chief Executive James W Cornelsen, and Director Daniel D Deming bought OLBK stock.

Pixelworks Inc. (PXLW): VP, CFO & Treasurer Steven L Moore Bought 2,870 Shares

VP, CFO & Treasurer of Pixelworks Inc. (PXLW) Steven L Moore bought 2,870 shares on 01/31/2011 at an average price of $2.81. Pixelworks Inc. design, develop and market semiconductors and software that enable the visual display of broadband content through a wide variety of electronic devices. Pixelworks Inc. has a market cap of $47.3 million; its shares were traded at around $3.49 with and P/S ratio of 0.7.

Pixelworks, Inc. announced financial results for the fourth quarter and year ended December 31, 2010. Revenue in the fourth quarter of 2010 was $14.1 million, down 22% from $18.0 million in the 2010 third quarter and down 27% from $19.4 million in the fourth quarter of 2009, in line with recent guidance, and due primarily to continuing correction in the digital projection market. For the full year 2010, Pixelworks reported revenue of $69.5 million, an increase of 14% from revenue of $61.1 million in 2009. On a GAAP basis, net income was $0.4 million, or $0.03 per share in 2010, compared with net income of $6.5 million, or $0.47 per diluted share in 2009. GAAP net income in 2009 included a $12.9 million gain on repurchase of debt. On a non-GAAP basis, Pixelworks recorded net income of $1.4 million, or $0.10 per share in 2010, compared with net loss of $(2.5) million, or $(0.19) per share in 2009.

Hedge Fund Gurus that owns PXLW: Jim Simons of Renaissance Technologies LLC.

President and CEO Bruce A Walicek, VP, CFO & Treasurer Steven L Moore, and Senior VP Technology, and CTO Hongmin Zhang bought shares of PXLW stock.


Rating: 2.0/5 (2 votes)

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